Industry backed catastrophe loss data aggregator and estimator PERILS AG is investigating three recent events around the globe, to establish whether they will meet the various thresholds for each region and peril to warrant regular reporting.
Read the full article
Retrocessional reinsurance focused investment manager Markel CATCo Investment Management expects that the combined impacts of recent catastrophe events typhoon Hagibis, typhoon Faxai and hurricane Dorian will result in a roughly 25% impact to capital deployed in the 2019 portfolio of its listed fund.
Read the full article
Randolph Re, a new private catastrophe bond issuance and placement platform has been launched by the capital market’s arm of insurance and reinsurance broker Aon.
Read the full article
Year-to-date 2019 pre-tax catastrophe losses for U.S. primary insurance giant Allstate have risen to $2.5 billion, after 12 events in October added another $237 million to the running total.
Read the full article
In a further sign of the increased return expectations of investors in catastrophe bonds, the pricing for the latest catastrophe bond from the California Earthquake Authority has now been fixed at the top-end of initial guidance, we’re told.
Read the full article
Investors in the insurance-linked securities (ILS) space are demanding discipline from managers in the wake of recent loss events and subsequent loss creep, while an elevated need for comfort is leading to a surge in demand for proportional deals, according to industry experts.
Read the full article
Recent developments in the re/insurance and ILS markets have resulted in a significant expansion of parametric solutions, and executives at Descartes Underwriting believe many opportunities for further growth are now available to companies offering these kinds of products.
Read the full article
The inaugural catastrophe bond to benefit the Philippines will also set another ILS market first, as the $225 million of notes issued through the World Bank’s IBRD CAR 123-124 cat bond transaction will be listed on the Singapore Stock Exchange (SGX).
Read the full article
Neon Underwriting, the specialty insurance and reinsurance operation that is part of American Financial Group, Inc., has confirmed that it is pulling back from all property treaty reinsurance underwriting, citing a mismatch in pricing between retrocession and its inwards business.
Read the full article
With retrocessional reinsurance capacity expected to be constrained at the January 2020 renewals, particularly collateralised from the insurance-linked securities (ILS) market, some reinsurers and in particular Lloyd’s players may have to rethink their premium growth plans, analysts have suggested.
Read the full article
Malta still has ambitions to eventually become a hub for insurance-linked securities activity, according to leaders from local re/insurance industry bodies, but barriers to entry continue to present a significant challenge for the jurisdiction.
Read the full article
The General Insurance Association of Japan (GIAJ) has reported that already domestic insurers in the country have paid out just under US $2.5 billion for claims from typhoon Faxai, while for more recent typhoon Hagibis the claims are still mounting up.
Read the full article
Bush fires continue to burn across Australia and the mainstream media is now reporting over 500 homes destroyed in the recent outbreaks, while further warnings of catastrophic fire weather have been made as temperatures soar.
Read the full article
Insurance and reinsurance linked investments specialist Hudson Structured has led a $35 million investment round in cyber risk analytics specialist CyberCube, with its founder Michael Millette taking a seat on its board.
Read the full article
